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20121202
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think the obama administration, the justice department are trying to figure it out because what happened on election day was in washington and colorado it became the first two states in the country and actually the first two political jurisdictions anywhere in the world to decide to legally regulate marijuana like alcohol, so the feds have to figure this out. >> a little like alcohol. i can buy as many bottles of beer as i want. i can only have an ounce of marijuana in washington and in colorado, right? >> that's right. it's important to say, by the way, that what's going to happen this week in washington state and next month in colorado is just going to make it legal to possess up to an ounce in the privacy of your home. you can't go out smoking in public, all this sort of thing. the part -- >> you have to stay in your home really? >> yes. washington is going to be private. not puffing down the street. this is going to be fairly subtle. the part of the laws that say that washington and colorado state governments should set up a legal regulatory system like with alcohol, those don't ente
, frankly, this gives the white house and this gives the obama administration much more bargaining leverage. >> well, the former treasury secretary has one thing to say but many other voices are a virtual kcacophony where wolf blitzer has to sit every day. >> in the short term the president has more leverage right now because if they do nothing, let's say they avoid any legislation between now and the end of the year, starting january 1st we go over that so-called fiscal cliff, tax rates go up not just for the rich but for the middle class, for everyone, all those cuts in domestic spending and naths security spending, they go into effect. people aren't going to be happy about that, and the president will be able to say, look, i begged them, i repeatedly said 98% of the american public, they wouldn't get a tax increase if we just took them out of the equation, let's pass legislation extending the bush tax cuts for everyone earning under $250,000 a year. they didn't do it. so, you know, he'll have some leverage on that in terms of the politics because politically, you know, the polls all are
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